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NRP agrees to deal on western properties

Jun. 18, 2013 @ 12:00 AM

HOUSTON -- Natural Resource Partners L.P. reported Monday that it has agreed to purchase interests in oil and gas properties in the Williston Basin of North Dakota and Montana from Abraxas Petroleum Corp. for about $35.3 million.

The properties are in the Bakken/Three Forks play, and the acquisition includes about 120 producing wells in addition to interests in 22 wells that are in development, according to a news release.

"This acquisition marks NRP's strategic entry into the Bakken play and into owning non-operated working interests in oil and gas assets," said Nick Carter, president and chief operating officer. "This adds further diversity to NRP's revenue going forward."

NRP has its operations headquarters in Huntington.

Grayson Winery to host Ashland Alliance

GRAYSON, Ky. -- The Ashland Alliance's next Business After Hours is planned for 6:30 p.m. Friday, June 21, at Rock Springs Winery in Grayson, Ky.

Cost is $35 per person for the event, which features a wine tasting and dinner. Call 606-923-9085 for reservations.

Ohio gas prices coming back down from $4

COLUMBUS, Ohio -- Relax, Ohio motorists. Gas prices are moving back down.

After hovering around $4 a gallon for a couple weeks because of refinery problems in the Great Lakes region, prices at the pump have fallen.

The state average for a gallon of regular gas was $3.74 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's down 18 cents less than at the same time last week.

The Ohio price is still 13 cents higher than the national average. And it's 2 cents higher than at the same time last month.

Refinery problems in Indiana and Illinois were blamed for pushing gas prices in the region to the highest in the continental United States in recent weeks.